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Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA AAA Exams › Other matter paragraph
Sir,in the opentuition note, [for circumstance in which other matter paragraphs may be necessary]:”Where the auditor reports on two sets of financial statements prepared under the different general purpose framework(e.g: national framework and IFRS)”
Why one annual report has two sets of financial statement that prepared under two different framework?
Thank you.
National gaap for domestic filing purposes (statutory requirement) and IFRS for some other purposes – e.g. distribution to foreign investors.
